Ethereum staking services have recently reached a consensus, agreeing upon a maximum limit of 22% on all validators. This move is a significant step towards ensuring fair markets within the Ethereum network. By imposing a self-limit rule, at least five Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, are committed
Ethereum
A recent dismissal order by a United States District Court judge has sparked discussions about the legal classification of Ether (ETH). The judge, Katherine Polk Failla, referred to ETH as a commodity while dismissing a class action lawsuit against the decentralized exchange Uniswap. This decision raises important questions about the regulatory framework surrounding cryptocurrencies. Evaluating
Hong Kong has taken a significant step towards fostering a regulated and favorable environment for cryptocurrency trading. With the recent launch of retail trading services by HashKey Exchange, cryptocurrency traders in Hong Kong now have access to a locally based exchange. This move comes after HashKey was granted Type 1 and Type 7 licenses by
Circle’s CEO, Jeremy Allaire, has announced that the United States dollar stablecoin, USD Coin, will be launching natively on the Base network in the coming week. This new version will replace the current USD Base Coin (USDbC) that is currently being used by most users. When Coinbase’s Base network was launched on August 9th, there
Crypto’s newest decentralized social media (DeSo) app, friend.tech, has found itself in hot water recently due to its decision to punish users who opt for forks or copycat versions of its tokenized social media platform. In an Aug. 28 tweet, the official friend.tech X account stated, “To make sure loyal users are rewarded fairly during
The Bitcoin Frontier Fund, previously known as Stacks Ventures, has made a groundbreaking move in the blockchain industry by launching the first-ever Bitcoin Ordinals accelerator program. This distinctive initiative aims to support startups that are spearheading innovation in the field of Ordinals. The program offers an enticing package including seed funding, access to funding pipelines,
PayPal’s recent launch of PYUSD, an Ethereum-based stablecoin, has generated mixed reactions within the crypto community. While some view it as a significant step towards mainstream adoption for Ethereum, others express concerns about the potential implications for decentralization and personal control of assets. PYUSD, also known as PayPal USD, was introduced on August 7 and
In a recent ruling in China’s Jiangsu province, Mr. Xu, a lender, found himself at a disadvantage when the court declared that his 341 Bitcoin loan to Mr. Lin was not protected by law. The loan was made through a peer-to-peer agreement using Bitcoin, as Mr. Xu lacked fiat funds at the time. However, when
In the ever-evolving world of decentralized finance (DeFi), uncertainties often arise, leaving protocols to navigate uncharted waters. Amidst this climate of uncertainty, Aave Chan founder Marc Zeller has put forth a controversial proposal for the Aave Treasury to purchase $2 million worth of Curve DAO Tokens (CRV) from Curve Founder Michael Egorov. This move has
The cryptocurrency market is known for its volatile nature, and once again, investors have been hit hard by the sudden crash of a memecoin called BALD. This new coin, launched on Coinbase’s Base network, garnered a lot of attention with its astronomical rise in value. However, it all came crashing down when the developer allegedly
